Tournaments For Charity
- Assets
- $5.0m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Dublin, OH
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 02-0618422
Organization Overview
Tournaments For Charity is located in Dublin, OH. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tournaments For Charity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tournaments For Charity generated $26.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $25.2m during the year ending 12/2021. While expenses have increased by 26.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tournaments For Charity has awarded 93 individual grants totaling $37,812,585. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCTED "THE DAVE AND OTHER GOLF TOURNAMENTS FOR THE BENEFIT OF THE DAVE THOMAS FOUNDATION FOR ADOPTION AND OTHER CHARITIES.
Describe the Organization's Program Activity:
CONDUCTED GOLF TOURNAMENTS FOR THE FOLLOWING CLIENTS: THE DAVE, THE SAFELITE CHARITY CLASSIC, THE BIG LOTS FOUNDATION CHARITY GOLF CLASSIC, THE SODEXO CHARITY CLASSIC, THE ASCENSION CHARITY CLASSIC, THE CLUB CAR CHAMPIONSHIP AND THE ALLY CHALLENGE. THESE TOURNAMENTS ARE CONDUCTED FOR THE BENEFIT OF VARIOUS CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jankovic Treasurer | OfficerTrustee | 15 | $0 |
Steven Nicklaus Co-Chairman | OfficerTrustee | 5 | $0 |
Daniel Maher Secretary | OfficerTrustee | 5 | $0 |
Daniel Sullivan President | OfficerTrustee | 20 | $0 |
Kip Eriksen Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,849,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,849,062 |
| Total Program Service Revenue | $5,527,166 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$156,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,375,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,160,952 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,050,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $738,944 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $147,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $287,283 |
| Total functional expenses | $25,190,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,234,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,351,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $391,733 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,978,426 |
| Accounts payable and accrued expenses | $2,377,628 |
| Grants payable | $0 |
| Deferred revenue | $1,285,067 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,662,695 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,315,731 |
| Total liabilities and net assets/fund balances | $4,978,426 |
Grants Awarded
Over the last fiscal year, Tournaments For Charity has awarded $6,122,629 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: GENERAL SUPPORT | $1,967,700 |
Gaithersburg, MD PURPOSE: GENERAL SUPPORT | $1,653,677 |
Dublin, OH PURPOSE: GENERAL SUPPORT | $681,421 |
Charlotte, NC PURPOSE: GENERAL SUPPORT | $453,000 |
Flint, MI PURPOSE: GENERAL SUPPORT | $242,938 |
Florissant, MO PURPOSE: GENERAL SUPPORT | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tournaments For Charity has recieved totaling $100,593.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,093 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: CHARITABLE GIVING/VOLUNTEERISM | $7,500 |
Stifel Foundation Inc St Louis, MO PURPOSE: SUPPORT DAILY OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
Tournaments For Charity Dublin, OH | $4,978,426 | $26,375,151 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Old National Bank Foundation Inc Evansville, IN | $1,059,679 | $25,162 |
Peyback Foundation Inc Independence, OH | $4,792,942 | $1,855,787 |
Kentucky Casa Network Inc Louisville, KY | $365,575 | $1,855,866 |